The coalition of Finance in
Common, which gathered in Rome for a summit on Tuesday and
Wednesday promoted by Italian investment bank Cassa Depositi e
Prestiti (CDP), has highlighted its commitment to fighting
climate change.
Public development banks (PDBs) "are, in fact, increasing
resources mobilized for the climate, as shown by the investment
in 'green projects' worth 1,000 billion dollars by the 26 PDBs
that are part of the International Development Finance Club
(IDFC) and by pledges for further funding by 2025", according to
a statement released by CDP.
Public development banks, the statement highlighted, "are
moreover supporting more ambitious national projects and
long-term strategies that favor a reduction in funding for
fossil fuels".
A number of academic studies presented during the summit held
in Rome showed the centrality of PBDs in providing the financial
backing necessary to support long-term development. All the
studies will be published on the website financeincommon.org.
"The next edition of the Finance in Common Summit (FiCS
2022) will be hosted by the African Development Bank (AfDB) and
by the European Investment Bank (EIB)", the statement said.
(ANSAmed).
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